Market Live: Sensex, Nifty Bank extend rally on further recovery in Asian peers.
Cipla, TCS, Just Dial, ICICI Bank and Reliance Industries are most active shares on the NSE.
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Crude Update: Oil prices recovered some day-earlier losses in Asia, supported by a drop in US commercial crude inventories and the loss of storage capacity in oil producer Libya.
US crude inventories fell by 3 million barrels to 430.6 million barrels in the week to June 15, according to American Petroleum Institute (API) in a weekly report on Tuesday.
Brent crude futures rose 0.45 percent, to $75.42 per barrel, compared with their last close on Tuesday. US West Texas Intermediate (WTI) crude futures gained 0.74 percent, to $65.55, reports Reuters.
Market Update: Benchmark indices extended recovery in morning with the Sensex rising 175.58 points to 35,462.32, backed by Reliance Industries that gained 2 percent.
HDFC and HDFC Bank also pushed the market higher, rising 0.6 percent each.
The 50-share NSE Nifty rose 46.70 points to 10,757.20 while the Nifty Midcap index climbed half a percent.
Rupee Trade: The Indian rupee rebounded in morning on Wednesday, trading 25 paise higher at 68.13 against the dollar.
On Tuesday, the currency fell 40 paise to 68.38 against the dollar on sustained demand for the American currency from importers and banks amid lower local equities.
Market Opening: Benchmark indices rebounded after two-day fall on US-China trade war tensions.
The 30-share BSE Sensex rose 102.01 points to 35,388.75 and the 50-share NSE Nifty gained 37.70 points at 10,748.20.
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Brent crude futures rose 0.45 percent, to $75.42 per barrel, compared with their last close on Tuesday. US West Texas Intermediate (WTI) crude futures gained 0.74 percent, to $65.55, reports Reuters.
Market Update: Benchmark indices extended recovery in morning with the Sensex rising 175.58 points to 35,462.32, backed by Reliance Industries that gained 2 percent.
HDFC and HDFC Bank also pushed the market higher, rising 0.6 percent each.
The 50-share NSE Nifty rose 46.70 points to 10,757.20 while the Nifty Midcap index climbed half a percent.
Rupee Trade: The Indian rupee rebounded in morning on Wednesday, trading 25 paise higher at 68.13 against the dollar.
On Tuesday, the currency fell 40 paise to 68.38 against the dollar on sustained demand for the American currency from importers and banks amid lower local equities.
Market Opening: Benchmark indices rebounded after two-day fall on US-China trade war tensions.
The 30-share BSE Sensex rose 102.01 points to 35,388.75 and the 50-share NSE Nifty gained 37.70 points at 10,748.20.
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Cipla, Bharti Airtel, M&M, Axis Bank, Reliance Industries, Dr. Reddy's Labs, GAIL and Maruti Suzuki are early gainers.
Power Grid and UltraTech Cement are under pressure.
The Nifty Midcap index gained 80 points and Nifty Bank rose 68 points.
Strides Shasun, Prestige Estates, Vakrangee, Brigade Enterprises, Bhansali Engineering, GM Breweries, Mishra Dhatu, Wheels India, Alok Industries, Just Dial, Opto Circuits, Andhra Bank and Canara Bank gained up to 7 percent.
Bajaj Hindusthan, CG Power, Ruchi Soya and Jaiprakash Associates are under pressure.
Power Grid and UltraTech Cement are under pressure.
The Nifty Midcap index gained 80 points and Nifty Bank rose 68 points.
Strides Shasun, Prestige Estates, Vakrangee, Brigade Enterprises, Bhansali Engineering, GM Breweries, Mishra Dhatu, Wheels India, Alok Industries, Just Dial, Opto Circuits, Andhra Bank and Canara Bank gained up to 7 percent.
Bajaj Hindusthan, CG Power, Ruchi Soya and Jaiprakash Associates are under pressure.
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